CARSON-TAHOE HEALTH SYSTEM (EIN 880502318) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

MICHELLE JOY

Phone

7754458000

Tax Period

2024-01-01 to 2024-12-31

CARSON-TAHOE HEALTH SYSTEM, founded in 2002, is a major nonprofit in the Health Care sector that reported $115.5M in total revenue in fiscal year 2024. The organization ran a surplus of $46.6M, a strong 40% operating margin.

Mission

TO ENHANCE THE HEALTH AND WELL-BEING OF THE COMMUNITIES WE SERVE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $26,300,000

Program Service Revenue $65,063,306

Investment Income $35,817

Other Revenue $24,109,968

TOTAL REVENUE $115,509,091

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,880,591

Fundraising Expenses $0

Program Expenses $68,903,983

Other Expenses $32,023,392

TOTAL EXPENSES $68,903,983

Year-over-Year Comparison

	2024	2023	Change
Revenue	$115,509,091	$114,789,624	+0.0%
Expenses	$68,903,983	$63,592,276	+0.1%
Net Income	$46,605,108	$51,197,348	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

482

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$2,279,711

Total Directors

$748,999

Key Employees

$1,028,364

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE JOY	PRESIDENT & CEO	5.00	Officer	$958,009	$102,137	$1,060,146
DAVID BAKER MD	VP CHIEF MEDICAL OFFICER	5.00	Highest	$437,874	$74,315	$846,547
KATIE KUCERA	CHIEF FINANCIAL OFFICER	5.00	Officer	$592,658	$74,236	$666,894
KENT GABRIEL MD	BOARD CHAIRMAN AND DIRECTOR	1.00	Officer Director	$9,000	$30,596	$544,271
MICHELLE MILLER	VP CHIEF HUMAN RESOURCE OFFICER	5.00	Key Emp	$453,690	$61,346	$515,036
RYAN PATTON	VP CTH PHYSICIANS CLINIC	5.00	Highest	$356,245	$56,917	$413,162
JANELLE HOOVER	VP CHIEF NURSHING OFFICER	5.00	Highest	$322,144	$17,299	$339,443
SCOTT MATTES	VP CHIEF OPERATING OFFICER	5.00	Key Emp	$276,423	$13,917	$290,340
MELISSA WILLIAMS	DIRECTOR REVENUE MANAGEMENT	40.00	Highest	$244,712	$14,661	$259,373
WHITNEY MAY	DIRECTOR CLINICAL INFORMATICS	40.00	Highest	$211,811	$21,091	$232,902
KATHERINE MCKAY	VP COMMUNITY & PATIENT EXPERIENCE	5.00	Key Emp	$215,951	$7,037	$222,988
DAVID JOHNSON	CHIEF OF STAFF	1.00	Director	$0	$15,495	$155,728
MEG JACK MD	TREASURER AND DIRECTOR	1.00	Officer Director	$8,400	$0	$8,400
JAMES MANNING	DIRECTOR	1.00	Director	$8,400	$0	$8,400
PHILLIP O'NEILL	DIRECTOR	1.00	Director	$8,400	$0	$8,400
GIL YANUCK	DIRECTOR	1.00	Director	$8,400	$0	$8,400
BRIAN DUFFRIN	DIRECTOR	1.00	Director	$7,700	$0	$7,700
BOB SEWELL	DIRECTOR	1.00	Director	$7,700	$0	$7,700
JAMES BREEDEN MD	VICE CHAIRMAN AND DIRECTOR	1.00	Officer Director	$0	$0	$0
BRUCE ROBERTSON	SECRETARY AND DIRECTOR	1.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$115,509,091	$68,903,983	$370,249,627	$46,605,108
2023	$114,789,624	$63,592,276	$322,067,615	$51,197,348
2022	$59,750,070	$60,326,444	$266,017,099	$-576,374
2021	$94,390,075	$65,308,373	$269,036,498	$29,081,702
2020	$87,132,186	$55,916,554	$231,319,783	$31,215,632
2019	$92,707,989	$37,829,319	$199,519,864	$54,878,670
2018	$62,715,516	$34,592,511	$142,998,460	$28,123,005

CARSON-TAHOE HEALTH SYSTEM